Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

ROBLOX CORPORATION

(RBLX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Roblox : National Music Publishers' Association (NMPA) Sues Roblox For Copyright Infringement

08/05/2021 | 10:10am EDT

Recently, the National Music Publishers' Association (NMPA) of the USA representing a group of indie and major music publishers sued popular gaming platform Roblox for copyright infringement. NMPA has altogether claimed USD 200 million in damages.

NMPA's lawsuit was filed on behalf of publisher plaintiffs including ABKCO Music & Records, Big Machine Records, Concord Music Group with Pulse Music Group, deadmau5 (Joel Zimmerman), Downtown Music Publishing, Hipgnosis, Kobalt Music Group, MPL Music Publishing, Peermusic, Reservoir Media Management, Spirit Music Group, and UMPG. Some of the popular artists or copyright holders include stars like Ariana Grande, Imagine Dragons,  Ed Sheeran, and The Rolling Stones.

Roblox is the popular US-based, kid-focused platform for games and social experiences. The company was formed in 2004 and became a public listed company recently pegging its market capitalization at USD 52 billion. Roblox offers a library of audio files, 3D models, and other assets and as part of building experiences, Roblox's users upload these files themselves of hosting a shared library of copyrighted but unlicensed songs.

The complaint by NMPA alleges that Roblox "actively preys on its impressionable user base and their desire for popular music, teaching children that pirating music is perfectly acceptable." Further, stating that Roblox "actively encourages" adding such popular songs and that users pay for uploading audio files with in-game currency. The complaint also points out that searching Roblox's library for exact names like "Ed Sheeran" or "Ariana Grande" returns no results, however, searching for partial terms like "Sheeran" or "Ariana" will pull up tracks labeled with popular songs from both artists.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Khurana And Khurana
Khurana and Khurana
E-13, UPSIDC, Site-IV, Behind-Grand Venice
Kasna Road, Greater Noida
Uttar Pradesh
National Capital Region
201310
INDIA
Tel: 1204296878
Fax: 1204516201
E-mail: tarun@khuranaandkhurana.com
URL: www.khuranaandkhurana.com

© Mondaq Ltd, 2021 - Tel. +44 (0)20 8544 8300 - http://www.mondaq.com, source Business Briefing

All news about ROBLOX CORPORATION
09/20ROBLOX : Jefferies Adjusts Roblox's Price Target to $86 from $92, Keeps Hold Rating
MT
09/17INSIDER SELL : Roblox
MT
09/17EQS-NEWS : Can Firerock Holdings (1909. HK) Can Fire Rock Holdings (1909.HK) Become the Se..
DJ
09/16WORKING AT ROBLOX : Meet Karla Polo
PU
09/15ROBLOX : Says August Daily Active Users up 32% Compared With Last Year
MT
09/15ROBLOX : Reports August 2021 Key Metrics
BU
09/13INSIDER SELL : Roblox
MT
09/09ROBLOX : Celebrating Our 2021 Interns
PU
09/09European and U.S. video game stocks drop after new China suspension scare
RE
09/08ROBLOX : Top Three Google Play Games hit $250M in Monthly Revenue, Nearly 200% More than L..
AQ
More news
Analyst Recommendations on ROBLOX CORPORATION
More recommendations
Financials (USD)
Sales 2021 2 675 M - -
Net income 2021 -439 M - -
Net cash 2021 1 851 M - -
P/E ratio 2021 -92,3x
Yield 2021 -
Capitalization 44 730 M 44 730 M -
EV / Sales 2021 16,0x
EV / Sales 2022 13,1x
Nbr of Employees 960
Free-Float 87,2%
Chart ROBLOX CORPORATION
Duration : Period :
Roblox Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ROBLOX CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 77,77 $
Average target price 89,75 $
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
David B. Baszucki Chairman, President & Chief Executive Officer
Michael Guthrie Chief Financial Officer
Daniel Sturman Chief Technology Officer
Anthony P. Lee Lead Independent Director
Christopher Carvalho Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ROBLOX CORPORATION0.00%44 730
MICROSOFT CORPORATION32.32%2 211 632
SEA LIMITED65.60%182 001
ATLASSIAN CORPORATION PLC71.29%100 807
ZOOM VIDEO COMMUNICATIONS, INC.-16.79%83 395
DASSAULT SYSTÈMES SE50.17%77 032